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    <title>2025 (11) TMI 689 - THE SECURITIES APPELLATE TRIBUNAL AT MUMBAI</title>
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    <description>The AT dismissed the appellant&#039;s appeal, holding that the appellant failed to comply with LODR obligations, delayed compliance between 45-904 days, and misrepresented facts to the stock exchange by furnishing a bank guarantee for SOP fines then changing its stance after BSE approval. The Tribunal upheld BSE&#039;s imposition (and partial reduction) of fines totaling Rs. 1.62 Crores, rejecting a double-jeopardy argument because SEBI and BSE regulatory actions operate in distinct spheres. The appeal was therefore dismissed.</description>
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      <description>The AT dismissed the appellant&#039;s appeal, holding that the appellant failed to comply with LODR obligations, delayed compliance between 45-904 days, and misrepresented facts to the stock exchange by furnishing a bank guarantee for SOP fines then changing its stance after BSE approval. The Tribunal upheld BSE&#039;s imposition (and partial reduction) of fines totaling Rs. 1.62 Crores, rejecting a double-jeopardy argument because SEBI and BSE regulatory actions operate in distinct spheres. The appeal was therefore dismissed.</description>
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